The Golden Visa Program in Portugal

Many foreign investors have already chosen the Portuguese Golden Visa Program as one of the most attractive residency programs in the global market.

The Golden Visa is a fast track for foreign investors from non-European Union countries to obtain a fully valid residency permit in Portugal, enabling them to easily move to Portugal and with the potential to even obtain a Portuguese passport.

With the Portuguese Golden Visa Program, global investors can travel and arrive in Portugal, and they are able to travel freely within the Schengen Area.

Moreover, investors in Portuguese properties will be given an initial temporary residency visa valid for one year. This visa can be renewed for an additional 2-year period. The minimum stay required is 7 days in the first year, 14 days during the next two years and other 14 days in the fourth and fifth year. After this period, Visa holders are eligible to apply for a full Permanent Residency Authorization. The requirements include a basic Portuguese knowledge and having a connection to the country. On the 6th year, investors are eligible to apply for full Portuguese Citizenship.

Through the Portuguese Golden Visa Program, also family members can join the investor, and permanent citizenship for the whole family is easily achievable after five years.

To qualify for the Portuguese Golden Visa Program, the foreign investors must make an appropriate property investment, which includes the acquisition of one or more properties valued above € 500,000 or the acquisition of one or more properties that are valued at least € 350,000 that are more than 30 years old or that are located in areas of urban renovation.

Some other types of investment are also allowed, however for most global investors the property acquisition has been the most popular qualifying investment. Therefore, properties such as luxury apartments, gorgeous villas, farms and estates, are particularly sought to help the investors to qualify for the Golden Visa Program.

If you want to be informed of important updates from Exclusive Property Finders, you may want to subscribe to our newsletter